hich could further improve efficiency, meaning more money for the companies involved,” Lee said.

ally those whole-heartedly trumpeting an all-round trade war.

But as Paulson also pointed out, what is at stake goes far above and beyond a trade war.

上海千花坊Which is why, despite their continuing differences, Beijing and Washington should work together to make the upcoming Xi-Trump meeting a success.

Economic disputes will not come in the way of China’s reform and opening-up efforts to attract investment

Over the past year, the US government has unilaterally provoked and escalated economic and trade friction with China, with negative impacts on bilateral economic, trade ties and global economic development.上海千花坊

During this rare dispute, voices from home and abroad have made a lot of statements, making the cause and the facts clearer. China-US economic and trade friction in上海千花坊

volves a lot of issues, which need further clarification. The Chinese believe in truth and are not afraid of the clarifications.

• Is the Sino-US trade relationship a zero-sum game?上海千花坊女神会所

Some people in the US stirred up economic and trade friction with China with a solitary reason in mind – loss of profit to US firms and excessive gains for Chinese firms in bilateral

上海千花坊trade, making the issue a threat to Washington’s economic and even national security. This view, which is full of Cold War bias, reflects the hegemony and zero-sum ga

me thinking. Is Sino-US economic and trade relation a zero-sum or win-win game? The answer is clearly both in theory and in practice.

In international economic cooperation, trade relations are based on mutually beneficial exchanges, rather than a zero-sum game in which one side benefits and the o

t上海千花坊女神会所her loses. International trade can lead to optimized allocation of global resources, the common development of all economies involved and the common pr

ogress of human society. The history of international trade and the trade between China and the US have proved that such a practice is effective, and such p

ractical experience has long been the basic principle of international economic study. Since the establishment of diplomatic relations between the two co上海千花坊女神会所

untries, bilateral trade in goods increased 252-fold, from less than $2.5 billion to $633.5 billion between 1979 and 2018.

In the past four decades, two-way investment has grown from almost zero to over $160 bil

lion, making the two countries a vital investment partner for each other. The history of Sino-US ec

onomic and trade relations proves that both countries have benefited in industrial development and optimization. The trade relations have cre

ated a situation in which both parties won rather than one in which China progressed and the US lost out.

• Is US’ insistence on “fair trade “really fair?

Some people in the United States accuse China of adopting unfair and unequal trade policies that

have caused the US trade deficit with China. They tried to grab fair trade as a way to keep the moral high

ground in public opinion. However, what is “fair trade”? Fairness is a matter of history. In international trade, due to the difference in the stages of developm

ent, specific conditions and interests from different countries, in order to make trade happen smoothly, the

international community has formed trade rules through negotiations on an equal footing.